Centrotherm books over €40 million in solar manufacturing equipment orders

Facebook
Twitter
LinkedIn
Reddit
Email
The equipment company also reported preliminary 2015 revenue of approximately €139 million.

Solar PV and polysilicon manufacturing equipment specialist centrotherm said it has booked over €40 million in solar and semiconductor manufacturing equipment orders in the first two months of 2016. 

The company is well known for its range of thermal diffusion furnaces used in solar cell processing, a key area of current capacity expansions, detailed in PV Tech’s ongoing analysis of technology and capacity trends. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The equipment company also reported preliminary 2015 revenue of approximately €139 million, down significantly from previous revenue guidance of €150 million to €200 million. Centrotherm had previously reported first half revenue €85.9 million, compared to €78.09 million (US$86.4 million) in the prior-year period. PV sales in 2014 were €90.6 million, up from €70.1 million in 2013. 

Centrotherm said that the revenue miss was “mainly attributable to the revaluation of a major project of subsidiary SiTec GmbH as part of auditing the financial statements, as well as due to a lack of new business in the Silicon segment”.

The major SiTec project cited is believed to be the new polysilicon plant project in Qatar for Qatar Solar Technologies (QSTec), which has separately announced the 8,000MT facility is nearing completion and production is expected to ramp later in 2016. 

However, in recent months, QSTec has become a major investor in centrotherm and a major investor in SolarWorld since the company restructured. 

Cost savings at centrotherm combined with increased revenue over 2014 did produce a preliminary, earnings before interest and tax (EBIT) amount of approximately €19 million. The company had previously guided a ‘breakeven’ scenario for 2015.

Full-year results are expected to be released on April 28, 2016.

Read Next

Premium
June 9, 2025
N-type polysilicon prices have dropped to RMB34,000/ton as the project installation rush ends, putting cost pressure on the industrial chain.
June 4, 2025
Chinese PV module manufacturer Haitai Solar has announced the termination of a 10GW TOPCon and the reallocation of investment to fund an Indonesian facility.
Sponsored
June 3, 2025
Tongwei Solar talks innovation, growth, sustainability and future technologies in the global solar PV sector.
Premium
June 2, 2025
Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.
Premium
May 29, 2025
PV Talk: Global Solar Council CEO Sonia Dunlop tells Shreeyashi Ojha why the solar industry needs collective action to combat political and supply-chain disruption.
May 28, 2025
ISC Konstanz is working with US solar cell manufacturer Suniva on its 1GW silicon solar cell production facility in the state of Georgia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece